DGAP-News: Rubean AG / Key word(s): Financing/Corporate Action
Rubean AG: Cyclebit Group has disbursed convertible loan
- Rubean has received 3.4 million euros in funds
In return, CYCLEBIT received the right to convert the loan receivable into 271,750 Rubean shares. If not converted, the loan runs for two years and bears interest at 3.0 per cent p.a.. In accordance with the agreement, the two companies are now examining the possibility of a comprehensive cooperation.
About CYCLEBIT GROUP: Founded in 2012, Cyclebit Group is a global payments and SaaS provider. Its core products include card acquiring, point-of-sale (POS) services and market-place solutions. The company recently launched crypto and SoftPOS offerings, both billion-dollar industries in which the company is already a leader in select markets. In 2019, the company broke even and is currently growing profitably at an exponential rate.
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20.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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